Shrimp emerges as major aquatic export product to Australia
VOV.VN - Vietnamese aquatic exports to Australia in January-February 2024 surged by 33% year on year with shrimp accounting for over 60% of the total turnover, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Specifically, shrimp exports raked in US$34 million throughout the reviewed period, representing an increase of 20% against the same period last year.
Pangasius exports skyrocketed by nearly 70% to more than US$6 million, while other marine fish exports, with the exception of tuna, shoot up by 72%.
Australia is a potential market for Vietnamese seafood as more than 65% of domestic seafood consumption comes from imported sources.
At present, Australia imports seafood from more than 95 markets around the world. Of these, Vietnam has become the leading seafood supplier, accounting for over 22% of Australia's total seafood import turnover.
VASEP experts say there remains ample room ahead for Vietnamese firms to operate in the market thanks to opportunities from the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), along with the time-honoured cooperative relationship between the two countries and the two governments’ due attention to trade activities such as seafood export activities.
In fact, after the CPTPP takes effect, Vietnamese seafood exports to Australia grew continuously from US$197 million in 2018 to US$365 million in 2022.
Australia is also a main provider of rock lobster for Vietnamese enterprises with an imported volume of about 40,000 tonnes per year.
